1. What do you mean by Endowment Fund?
2. What do you understand by legacy?
3. What do you understand by Minimum Rent?
4. Explain Hire Purchaser in detail.
5. What is del-credere commission? Explain in detail
6. Explain Gaining ratio.
7. What do we understand by Realization Account?
8. What journal entry we pass for share of goodwill when a partner retires?
9. Write down the difference between consignment and sale?
10. Differentiate between fixed and fluctuating capital?